Question
upstudy study bank question image url

An author published a book which was being sold online. The first month the author sold 25300 books, but the sales were declining steadily at \( 10 \% \) each month. If this trend continues, how many total books would the author have sold over the first 20 months, to the nearest whole number?

Ask by Pritchard Gray. in the United States
Feb 04,2025

Real Tutor Solution

Tutor-Verified Answer

Answer

The author sold a total of approximately 222,241 books over the first 20 months.

Solution

Sign in to Unlock Answers for Free!

A Learning Platform Trusted by Millions of Real Students and Teachers.

star-icon Unlock

Reviewed and approved by the UpStudy tutoring team

Beyond the Answer

To calculate the total number of books sold over the first 20 months with a 10% decline each month, we can model the sales using a geometric series. The first month the author sold 25,300 books, and each subsequent month, sales decrease by 10%. This means in the second month, the sales would be: Sales for month 2 = 25,300 * (1 - 0.10) = 25,300 * 0.90 = 22,770 books. Continuing this, the series of sales for the subsequent months will be: - Month 1: 25,300 - Month 2: 22,770 - Month 3: 20,493 - Month 4: 18,443.7 - ... - Month 20: 25,300 * (0.9)^(19) The total sales after 20 months can be calculated using the formula for the sum of a geometric series: \[ S_n = a \frac{1 - r^n}{1 - r} \] where: - \( S_n \) is the sum of the series, - \( a \) is the first term (25,300), - \( r \) is the common ratio (0.90), - \( n \) is the number of terms (20). Plugging in the values: \[ S_{20} = 25300 \frac{1 - (0.90)^{20}}{1 - 0.90} \] Calculating \( (0.90)^{20} \approx 0.1216 \): \[ S_{20} = 25300 \frac{1 - 0.1216}{0.10} \] \[ S_{20} = 25300 \frac{0.8784}{0.10} \] \[ S_{20} = 25300 \times 8.784 \] \[ S_{20} \approx 222,828.92 \] Rounding to the nearest whole number gives approximately 222,829 books sold over the first 20 months.

Try Premium now!
Try Premium and ask Thoth AI unlimited math questions now!
Maybe later Go Premium
Study can be a real struggle
Why not UpStudy it?
Select your plan below
Premium

You can enjoy

Start now
  • Step-by-step explanations
  • 24/7 expert live tutors
  • Unlimited number of questions
  • No interruptions
  • Full access to Answer and Solution
  • Full Access to PDF Chat, UpStudy Chat, Browsing Chat
Basic

Totally free but limited

  • Limited Solution
Welcome to UpStudy!
Please sign in to continue the Thoth AI Chat journey
Continue with Email
Or continue with
By clicking “Sign in”, you agree to our Terms of Use & Privacy Policy